Baking Ingredients Market

Analysis from GMI Research finds that the Baking Ingredients Market earned revenues of USD 17.4 billion in 2022 and estimated to touch USD 28.6 billion in 2030 will grow at a CAGR of 6.4% from 2023-2030

Baking Ingredients Market Overview

Baking ingredients are the materials that are used for baking products such as buns, cakes, pastries, cookies, biscuits, bread, and rolls. Baking ingredients provide softness, freshness, high shelf-life, and high protein content to the baked items. It further improves the flavor and texture to the baked products. In addition to this, baking ingredients deliver a wide variety of baked goods with a lesser number of artificial additives or preservatives in the products.

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Baking Ingredients Market Drivers

The factors driving the global baking ingredients market include the rising concern regarding healthy food habits, growing demand for convenience food options, and increasing disposable income of individuals. Moreover, the strong demand for the low trans-fat, gluten-free, and low-sugar products among consumers will boost the global baking ingredients market. Increased demand for convenience food driven by the hectic and busy lifestyle of the consumer will further the growth of the global baking ingredients market.

The rising demand for frozen bakery products will create demand for baking ingredients in the near future. In addition to this, the inclination of consumer towards natural and organic food products due to their improved shelf life, thus bolstering the demand of the global baking ingredients market. The strict government guidelines and international quality standards may restraint the global baking ingredients market growth during the forecast period. The increasing availability of substitute products such as snack bars, cereal makers, and granola bars will further challenge the growth of the global baking ingredients market.

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Based on the type, the baking powder & mixes segment is anticipated to dominate the market during the forecast period due to the expansion of the bakery and eateries outlets, mainly in the developing economies like China. Furthermore, baking mixes are used in various applications such as muffins, pancakes, pastries, pizza crusts, and cakes, which will further drive the demand of the baking powder & mixes segment. The baking powder & mixes are used as a leaving agent, which can increase the volume and lighten the texture of baked products.

Based on the application, the bread segment is projected to grow at a higher CAGR in the global baking ingredients market owing to the rising acceptance of bread among people for their daily meals. On the other hand, the cakes & pastries segment is expected to lead the market over the forecast period due to the high consumption of snack items and the high availability of freezers in various retails stores such as supermarkets and hypermarkets.

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Regional – Segment Analysis

Based on region, the Asia-Pacific region is predicted to grow at a faster CAGR during the forecast period owing to the increasing demand for bakery goods from various bakery outlets in the emerging countries such as China, India, and Australia. In addition to this, the increasing demand for convenience and baked products, along with the rising acceptance of western food habits among the young population, will further propel the Asia-Pacific region. The other factors supporting the market growth of the baking ingredients include the changing consumer taste and preferences, rapid urbanization, and the increasing disposable income of middle-class families in the Asia-Pacific region.

Top Market Players

Various notable players operating in the market include Archer Daniels Midland Company, Associated British Foods Plc, Koninklijke DSM N.V., Cargill, Incorporated, BASF SE, Kerry Group Plc, Roquette Frères, Darling Ingredients Inc., Omega Protein Corporation, and DowDuPont Inc., among others.

Key Developments: 

• • In 2019, BASF SE acquired Isobionics to deliver the biotechnology to cover the natural flavors and fragrances (F&F) by collaborating with Conagen. The agreement includes the supply of the synthetic aroma ingredients and natural ingredients like vanilla, nootkatone, and valencene.
  • In 2018, ADM acquired supplier of vanilla products i.e., Rodelle. Through this acquisition, the company planned to increase the capabilities in the retail and commercial vanilla ingredient market for the expansion of the business.
  • In 2018, DuPont launched an enzyme strengthening solution to improve the smooth texture and consistency of buns and bread. The enzyme strengthening solution enhances the emulsification process, crumb structure, and whiteness.

Segments covered in the Report:

The global baking ingredients market has been segmented based on type, application and region. Based on type, the market is segmented emulsifiers, leavening agents, enzymes, baking powder & mixes, oils, fats, and shortenings, colors & flavors, starch and others. Based on the application, the market is segmented breads, cookies & biscuits, rolls & pies, cakes & pastries and others.

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Market Segmentation

Global Baking Ingredients Market by Type

• • Emulsifiers
  • Leavening agents
  • Enzymes
  • Baking powder & mixes
  • Oils, Fats, and shortenings
  • Colors & flavors
  • Starch
  • Others

Global Baking Ingredients Market by Application

• • Breads
  • Cookies & biscuits
  • Rolls & pies
  • Cakes & pastries
  • Others

 Global Baking Ingredients Market by Region

• • North America Baking Ingredients Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Baking Ingredients Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Baking Ingredients Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Baking Ingredients Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Baking Ingredients (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Associated British Foods Plc
  • Kerry Group Plc
  • Archer Daniels Midland Company
  • Koninklijke DSM N.V.
  • Cargill, Incorporated
  • BASF SE
  • Roquette Frères
  • Darling Ingredients, Inc.
  • Omega Protein Corporation
  • DowDuPont Inc.